Forafric Global PLC (NASDAQ:AFRIW) Sees Significant Increase in Short Interest

Forafric Global PLC (NASDAQ:AFRIW) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 4,800 shares, an increase of 4,700.0% from the January 15th total of 100 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is presently 0.8 days.

Forafric Global Stock Performance

Shares of AFRIW stock opened at $0.85 on Friday. Forafric Global has a fifty-two week low of $0.56 and a fifty-two week high of $1.60. The stock’s fifty day moving average is $1.00 and its two-hundred day moving average is $1.20.

About Forafric Global

Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco, Burkina, Mali, Angola, and internationally. The company offers flour and semolina; and secondary processing products, such as pasta and couscous under the Tria and MayMouna brands.